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How does Zillow calculate the value of one's home? Tax rolls or actual value?

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September 19 2012 - Highland Village
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Profile picture for Pasadenan
And Texas is one star also... in both cases, it means that "sold" prices are not in the "public records", and thus Zillow cannot "calculate" a tolerance range for how close the "sold" prices came to the prior Zestimate.

It appears that with the changes in the estimating methods over a year ago now, that Zillow is modeling to list prices in those areas instead of modeling to sold prices.  They may use an adjustment factor for typical average sold to list price ratio, but as they don't have most of the "sold" data, any ratio applied would be from some other part of the nation.
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September 21 2012
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I just looked at the "Zestimate Accuracy" explanation section and found that the accuracy for all counties in Missouri is one star. That means (your words) you use the tax assessors estimate or that you cannot accurately construct a "Zestimate. That answers a lot of questions.......
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September 21 2012
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Zillow describes the factors going into their calculations in "What is a Zestimate?"

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September 19 2012
 
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How does Zillow calculate the value of one's home? Tax rolls or actual value?
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